Calcitech (Calcitech) ROCE % : -6.25% (As of Dec. 2012)

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What is Calcitech ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Calcitech's annualized ROCE % for the quarter that ended in Dec. 2012 was -6.25%.

Calcitech ROCE % Historical Data

The historical data trend for Calcitech's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Calcitech ROCE % Chart

Calcitech Annual Data

Trend

Feb03

Feb04

Feb05

Feb06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-24.19

-14.20

-9.91

-13.90

-6.25

Calcitech Semi-Annual Data
	Feb03	Feb04	Feb05	Feb06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
ROCE %	Get a 7-Day Free Trial					-24.19	-14.20	-9.91	-13.90	-6.25

Calcitech ROCE % Calculation

Calcitech's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-0.563	/	( ( (9.733 - 0.902)	+	(10.322 - 1.136) )	/ 2 )
	=	-0.563	/	( (8.831	+	9.186)	/ 2 )
	=	-0.563	/	9.0085
	=	-6.25 %

Calcitech's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	-0.563	/	( ( (9.733 - 0.902)	+	(10.322 - 1.136) )	/ 2 )
	=	-0.563	/	( ( 8.831	+	9.186 )	/ 2 )
	=	-0.563	/	9.0085
	=	-6.25 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

Calcitech (OTCPK:CLKTF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Calcitech ROCE % Related Terms

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Calcitech (Calcitech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Calcitech Ltd (OTCPK:CLKTF) » Definitions » ROCE %

Comparable Companies

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N/A

Address

352-356 Battersea Park Road, Penhurst House, London, GBR, SW11 3 BY

Website

http://www.calcitech.com

Calcitech Ltd develops and commercializes synthetic calcium carbonate (SCC) in Europe. It produces SCC from waste lime and air polluting carbon dioxide. SCC is a white pigment that is used in various industrial applications, including paper, polymers, paints, foods, and pharmaceuticals. The Company offers three SCC products namely CalciLSTM, CalciSGTM and CalciRGTM.

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